The post Buyers Test $93k as Spot Outflows Keep Pressure On appeared on BitcoinEthereumNews.com.

Spot outflows remain heavy, with $92.9M leaving exchanges, limiting upside follow-through. Bitcoin stays capped below the descending trendline and stacked EMAs, keeping sellers in control. Holding $90k–$93k is critical, while a break below $90k risks a slide toward $88k–$86.8k. Bitcoin price today trades near $92,800 after failing to hold above short-term resistance and slipping back into a fragile consolidation range. Sellers remain active as repeated spot outflows cap upside attempts, while buyers focus on defending the $90,000 to $93,000 support band to avoid a deeper pullback. Buyers Step Back As Spot Outflows Persist BTC Netflows (Source: Coinglass) Exchange flow data continues to lean against the bulls. On January 7, Bitcoin recorded a $92.9 million net spot outflow, extending a multi-week pattern of capital leaving rather than entering the market. This matters because price has failed to advance despite these outflows. When Bitcoin trades sideways while coins move onto exchanges, it often reflects holders positioning to sell into strength rather than build long exposure. Trendline Rejection Keeps Short Term Control With Sellers BTC Price Dynamics (Source: TradingView) On the daily chart, Bitcoin remains pinned below a descending trendline that has capped price since early November. Each approach toward that line has resulted in rejection, reinforcing seller control over short-term structure. The EMA configuration adds to the pressure. Bitcoin trades below the 50-day EMA near $91,700, the 100-day EMA near $96,500, and the 200-day EMA near $100,100. These averages now form a stacked resistance zone rather than support. Related: JasmyCoin Price Prediction: JASMY Trend Stays Constructive as Futures Interest Slowly Returns The Supertrend near $95,100 remains red, confirming that the broader trend has not flipped. Until price closes decisively above that level, sellers retain the upper hand. Intraday Structure Shows Fragile Support BTC Price Action (Source: TradingView) Lower timeframes highlight the same…

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Filed under: News - @ January 7, 2026 1:25 pm